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IHYG.L vs. XAIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHYG.L vs. XAIX

Last updated Jun 9, 2026

IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) and XAIX (Xtrackers Artificial Intelligence and Big Data ETF) are both exchange-traded funds - IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index, while XAIX is a Technology Equities fund tracking the Nasdaq Global Artificial Intelligence and Big Data Index. Both are passively managed. Over the past year, IHYG.L returned 2.99% vs 49.29% for XAIX. At a 0.33 correlation, their price movements are largely independent. IHYG.L charges 0.50%/yr vs 0.35%/yr for XAIX.

Performance

IHYG.L vs. XAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and Xtrackers Artificial Intelligence and Big Data ETF (XAIX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IHYG.L is traded in EUR, while XAIX is traded in USD. To make them comparable, the XAIX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IHYG.L achieves a 0.54% return, which is significantly lower than XAIX's 29.54% return.

IHYG.L

1D
-0.07%
1M
0.31%
YTD
0.54%
6M
1.38%
1Y
2.99%
3Y*
6.08%
5Y*
2.59%
10Y*
3.09%

XAIX

1D
0.00%
1M
4.92%
YTD
29.54%
6M
28.32%
1Y
49.29%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHYG.L vs. XAIX - Yearly Performance Comparison

2026 (YTD)20252024
IHYG.L
iShares € High Yield Corp Bond UCITS ETF EUR (Dist)		0.54%5.32%3.81%
XAIX
Xtrackers Artificial Intelligence and Big Data ETF		32.60%13.74%21.71%

Correlation

The correlation between IHYG.L and XAIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Aug 5, 2024

0.33

IHYG.L vs. XAIX - Sectors Allocation Comparison

Sectors
IHYG.L
XAIX

Financial Services

100.0%
5.2%

Basic Materials

-

0.0%

Communication Services

-

14.1%

Consumer Cyclical

-

8.9%

Consumer Defensive

-

0.0%

Energy

-

0.0%

Healthcare

-

0.0%

Industrials

-

0.1%

Real Estate

-

-

Technology

-

71.7%

Utilities

-

0.0%

Financial Services

IHYG.L
100.0%
XAIX
5.2%

Basic Materials

IHYG.L

-

XAIX
0.0%

Communication Services

IHYG.L

-

XAIX
14.1%

Consumer Cyclical

IHYG.L

-

XAIX
8.9%

Consumer Defensive

IHYG.L

-

XAIX
0.0%

Energy

IHYG.L

-

XAIX
0.0%

Healthcare

IHYG.L

-

XAIX
0.0%

Industrials

IHYG.L

-

XAIX
0.1%

Real Estate

IHYG.L

-

XAIX

-

Technology

IHYG.L

-

XAIX
71.7%

Utilities

IHYG.L

-

XAIX
0.0%

Compare stocks, funds, or ETFs

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iShares € High Yield Corp Bond UCITS ETF EUR (Dist)

Xtrackers Artificial Intelligence and Big Data ETF

Often compared with IHYG.L:
IHYG.L vs. IEAC.ASIHYG.L vs. XHYA.DEIHYG.L vs. XAT1.DEIHYG.L vs. GLDIHYG.L vs. SDHA.LIHYG.L vs. YIEL.LIHYG.L vs. XHYG.L
Often compared with XAIX:
XAIX vs. AIQXAIX vs. SMHXAIX vs. BOTZXAIX vs. SPYXAIX vs. XDWT.LXAIX vs. QQQMXAIX vs. IGPT

Return for Risk

IHYG.L vs. XAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHYG.L
IHYG.L Risk / Return Rank: 2828
Overall Rank
IHYG.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IHYG.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
IHYG.L Omega Ratio Rank: 2626
Omega Ratio Rank
IHYG.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
IHYG.L Martin Ratio Rank: 3333
Martin Ratio Rank
XAIX
XAIX Risk / Return Rank: 8080
Overall Rank
XAIX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
XAIX Sortino Ratio Rank: 7676
Sortino Ratio Rank
XAIX Omega Ratio Rank: 8080
Omega Ratio Rank
XAIX Calmar Ratio Rank: 8282
Calmar Ratio Rank
XAIX Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IHYG.L vs. XAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and Xtrackers Artificial Intelligence and Big Data ETF (XAIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

IHYG.LXAIXDifference
Sharpe ratioReturn per unit of total volatility
0.84
2.27

-1.43

Sortino ratioReturn per unit of downside risk
1.36
2.82

-1.45

Omega ratioGain probability vs. loss probability

1.16

1.39

-0.23

Calmar ratioReturn relative to maximum drawdown

1.08

3.76

-2.68

Martin ratioReturn relative to average drawdown

4.47

11.04

-6.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHYG.L vs. XAIX - Sharpe Ratio Comparison

The current IHYG.L Sharpe Ratio is 0.84, which is lower than the XAIX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of IHYG.L and XAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IHYG.LXAIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

2.27

-1.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

1.50

-0.87

Drawdowns

IHYG.L vs. XAIX - Drawdown Comparison

The maximum IHYG.L drawdown since its inception was -25.61%, smaller than the maximum XAIX drawdown of -27.79%. Use the drawdown chart below to compare losses from any high point for IHYG.L and XAIX.

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Drawdown Indicators

IHYG.LXAIXDifference

Max Drawdown

Largest peak-to-trough decline

-25.61%

-27.79%

+2.18%

Max Drawdown (1Y)

Largest decline over 1 year

-2.76%

-13.17%

+10.41%

Max Drawdown (3Y)

Largest decline over 3 years

-3.89%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-14.59%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-25.61%

—

—

Current Drawdown

Current decline from peak

-0.32%

-9.69%

+9.37%

Average Drawdown

Average peak-to-trough decline

-2.04%

-5.13%

+3.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.67%

4.48%

-3.81%

Volatility

IHYG.L vs. XAIX - Volatility Comparison

The current volatility for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) is 0.94%, while Xtrackers Artificial Intelligence and Big Data ETF (XAIX) has a volatility of 11.72%. This indicates that IHYG.L experiences smaller price fluctuations and is considered to be less risky than XAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IHYG.LXAIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.94%

11.72%

-10.78%

Volatility (6M)

Calculated over the trailing 6-month period

3.07%

18.26%

-15.19%

Volatility (1Y)

Calculated over the trailing 1-year period

3.56%

21.87%

-18.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.44%

24.97%

-19.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.79%

24.97%

-18.18%

IHYG.L vs. XAIX - Expense Ratio Comparison

IHYG.L has a 0.50% expense ratio, which is higher than XAIX's 0.35% expense ratio.

Dividends

IHYG.L vs. XAIX - Dividend Comparison

IHYG.L's dividend yield for the trailing twelve months is around 5.18%, more than XAIX's 0.41% yield.

PositionTTM20252024202320222021202020192018201720162015
IHYG.L
iShares € High Yield Corp Bond UCITS ETF EUR (Dist)		5.18%5.44%6.10%5.41%3.70%3.07%3.67%3.76%3.68%3.77%4.03%4.59%
XAIX
Xtrackers Artificial Intelligence and Big Data ETF		0.41%0.54%0.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IHYG.L and XAIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XAIX is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XAIX is cheaper with a 0.35% expense ratio, compared with 0.50% for IHYG.L.

IHYG.L is categorized as European High Yield Bonds, while XAIX is Technology Equities. IHYG.L tracks Markit iBoxx Euro Liquid High Yield Index, while XAIX tracks Nasdaq Global Artificial Intelligence and Big Data Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for IHYG.L and 0.35% for XAIX.

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